USDX (USD Index)
The U.S. Dollar Index is attempting a short-term rebound, but the broader structure remains bearish. Price action shows only a corrective recovery after the recent decline, with the index now approaching the daily SMA 200 as a potential resistance zone. A rejection near this area will confirm bearish continuation and could lead to another leg lower. However, a close above the averages and new higher swing high might become confirmation that the trend has chanced to bullish.
EUR/USD
EUR/USD failed to maintain bullish momentum above the 1.1710 level, signaling that buying pressure is losing strength. The rejection suggests bulls are unable to defend the breakout, increasing the risk of a continuation lower. A sustained move below this area may open the path toward 1.1580, followed by 1.1500. A daily close back above 1.1710 would invalidate the bearish scenario and shift the focus back to the upside.
Today’s critical levels to watch:
Support: 1.1710, 1.1580, 1.1500, 1.1360, 1.1300
Resistance: 1.1820
GBP/USD
GBP/USD continues to drift lower, with price now approaching the 1.3450 support zone. The pair is expected to remain within the 1.3450–1.3600 range in the near term. However, a clear close below 1.3450 would confirm renewed bearish pressure and expose the downside toward 1.3330–1.3300, with the daily SMA 200 also coming into focus.
Today’s critical levels to watch:
Support: 1.3450, 1.3330, 1.3300, 1.3250
Resistance: 1.3600
USD/JPY
USD/JPY remains in consolidation, with price action lacking clear directional conviction. Recent movements suggest the pair is pausing rather and waiting for a catalyst to trigger the next directional move. We maintain bullish outlook on the pair and will use 155.50 as invalidation level for the current bullish move.
Today’s critical levels to watch:
Support: 155.50, 155.00, 153.00, 151.00
Resistance: 158.89, 160.00
AUD/USD
AUD/USD has completed its upside objective at the 0.6750 level, which may trigger short-term profit taking and a pullback lower. Despite the near-term retracement risk, the broader structure remains bullish, and the current move is still viewed as corrective rather than a trend reversal. A new lower swing low below 0.6662 would be the first signal that the bullish leg has ended and shift the bias toward a deeper correction.
Today’s critical levels to watch:
Support: 0.6700, 0.6600, 0.6560, 0.6500
Resistance: 0.6750, 0.6820